Waterfront Capital Partners LLC Increases Stake in GDS Holdings Limited (NASDAQ:GDS)

Waterfront Capital Partners LLC grew its stake in GDS Holdings Limited (NASDAQ:GDS - Free Report) by 316.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 970,199 shares of the company's stock after purchasing an additional 737,125 shares during the period. GDS comprises approximately 4.2% of Waterfront Capital Partners LLC's investment portfolio, making the stock its 11th largest holding. Waterfront Capital Partners LLC owned 0.51% of GDS worth $23,052,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GDS. Monolith Management Ltd acquired a new stake in GDS in the 4th quarter worth about $6,496,000. Hsbc Holdings PLC raised its position in shares of GDS by 28.7% during the 4th quarter. Hsbc Holdings PLC now owns 242,948 shares of the company's stock valued at $5,772,000 after buying an additional 54,160 shares during the period. Freedom Investment Management Inc. purchased a new position in GDS in the fourth quarter worth approximately $714,000. Jump Financial LLC purchased a new stake in GDS in the fourth quarter valued at $1,282,000. Finally, Mariner LLC lifted its stake in shares of GDS by 121.6% in the 4th quarter. Mariner LLC now owns 24,991 shares of the company's stock valued at $594,000 after purchasing an additional 13,716 shares during the last quarter. Institutional investors and hedge funds own 33.71% of the company's stock.

GDS Trading Down 1.5 %

GDS opened at $23.07 on Friday. The company has a debt-to-equity ratio of 2.25, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.40 billion, a price-to-earnings ratio of -7.56 and a beta of 0.23. The business has a fifty day moving average price of $29.55 and a 200 day moving average price of $25.11. GDS Holdings Limited has a 12 month low of $7.00 and a 12 month high of $52.50.

GDS (NASDAQ:GDS - Get Free Report) last released its earnings results on Wednesday, March 19th. The company reported ($0.10) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.17. GDS had a negative net margin of 35.97% and a negative return on equity of 8.22%. The firm had revenue of $425.13 million for the quarter, compared to analyst estimates of $3.11 billion. During the same period in the prior year, the firm earned ($2.16) earnings per share. The business's quarterly revenue was up 9.1% compared to the same quarter last year. Sell-side analysts expect that GDS Holdings Limited will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Citigroup reaffirmed an "outperform" rating on shares of GDS in a research note on Thursday, March 20th. JMP Securities set a $40.00 target price on GDS in a research report on Thursday, March 20th. Citizens Jmp upgraded GDS to a "strong-buy" rating in a research report on Monday, January 27th. StockNews.com downgraded GDS from a "hold" rating to a "sell" rating in a report on Friday, February 28th. Finally, Raymond James raised GDS from an "outperform" rating to a "strong-buy" rating and set a $53.00 target price on the stock in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $39.48.

About GDS

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services.

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